Twitter Files to Raise $1B, Company is Not Profitable, Will Trade Under Ticker TWTR

By: Mathew Ingram | GigaOM

Twitter had revenue of $253 million in the first six months of 2013 but it was not profitable, according to its S-1 prospectus, which was made public late Thursday. The company filed the official IPO documents several weeks ago under the new JOBS Act, which allows companies with revenue of less than $1 billion to keep their filing hidden from public view for at least three weeks.